Interest rate on bank deposits fell 39.5% to 1.02% in New Zealand in 2021, according to the National Central Bank.
Historically, interest rate on bank deposits in New Zealand reached an all time high of 16.3% in 1986 and an all time low of 1.02% in 2021.
New Zealand has been ranked 73rd within the group of 96 countries we follow in terms of interest rate on bank deposits, 4 places below the position seen 10 years ago.
| Interest Rate on Bank Deposits (Local Currency) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Australia | % | 2.30% | 2.14% | 2.01% | 1.98% | 1.56% | ... | ... | ||||||||||||||
| Cambodia | % | 1.42% | 1.44% | 1.53% | 1.38% | 1.44% | ||||||||||||||||
| China | % | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% | ||||||||||||||||
| Indonesia | % | 8.34% | 7.17% | 6.52% | 6.13% | 6.69% | ||||||||||||||||
| Malaysia | % | 3.13% | 3.03% | 2.92% | 3.14% | 2.98% | ||||||||||||||||
| New Zealand | % | 3.73% | 3.23% | 3.30% | 3.26% | 3.00% | ||||||||||||||||
| Papua New Guinea | % | 0.425% | 0.645% | 0.516% | 0.680% | 0.880% | ||||||||||||||||
| Philippines | % | 1.59% | 1.60% | 1.88% | 3.12% | 4.08% | ... | ... | ||||||||||||||
| Singapore | % | 0.167% | 0.190% | 0.142% | 0.157% | 0.198% | ||||||||||||||||
| Taiwan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Thailand | % | ... | ... | 1.43% | 1.30% | 1.29% | 1.29% | 1.42% | ||||||||||||||
| Vietnam | % | 4.75% | 5.04% | 4.81% | 4.74% | 4.98% |
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